CySEC Mandating Some CFDs and Binary Options Reporting by Cypriot Brokers
Posted: Mon Jan 30, 2017 3:53 pm
The Cyprus Securities and Exchange Commission (CySEC) is mandating a substantial effort for companies that are regulated on the island. Cyprus Investment Firms (CIFs) will have to supply additional information in relation to the upcoming implementation of MiFID II.
The changes are nothing unexpected and are merely full compliance by the Cypriot regulator with the new financial regulations.
The EU-wide regulatory framework that is set to take effect in January 2018 is coming with a list of substantial new obligations for brokerages in the foreign exchange and CFDs trading industry. The regulator is outlining that firms will ... (read more)